Ask HN: Is SINAD a meaningful measurement for comparing audio equipment?

I've recently come across some audio sites[0][1] that measure audio equipments performance and among other measurements, report their 'Signal-to-noise and distortion ratio (SINAD)'[2].

I applaud any efforts to quantify audio equipment and systems in a measurable and repeatable way. That said, do you think SINAD is a meaningful way to rank equipment? (understanding that it's only a measure of one measurable variable).

[0] https://www-l7audiolab-com.translate.goog/dac-sinad-charts/?_x_tr_sl=zh-CN&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp [1] https://www.audiosciencereview.com/forum/index.php?pages/Reviews/ [2] https://en.wikipedia.org/wiki/SINAD